Section 2(15) of incometax act Charitable institution

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ection 2(15) of incometax act Charitable institution<br> Query (Issue) Started By: - GOPAL HARLALKA Dated:- 13-8-2015 Last Reply Date:- 16-8-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>Rajsthan Bh....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....awan is a &#39;DHARMSHALA&#39; It is registered u/s 12A of the Income Tax Act. Till assessment year 2015-16 there is no tax liability on surplus of income over expenditure because gross receipt does n....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ot exceed &#8377; 2500000/- There is change in section 2(15) by Finance Act 2015. Under the new law receipts should not exceed 20% of the receipts..Source of income of Dharmshala is rent from letting ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....out the Bhawan and interest on fixed depost with bank. my query is - under the amended law will there be tax liability on dharmshala? Reply By satbir singh wahi: The Reply: AS PER THE AMENDMENT THE....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....RE WILL BE PROBLEM FOR SMALL INSTITUTIONS<br> Discussion Forum - Knowledge Sharing ....